phase of your work on the Continuing Payroll Problem B, you will record the amounts withheld for group and health insurance

and ca cu lare the wet pav for mo vee, Refer to the aralv comoleted Davrol_resisters upon which vou were workmg at the end Of

Chapter 5, and proceed as follow

In the appropriate column of the payroll register, record the amount to be withheld for group lite insurance. Each employee

each week toward the cost or group insurance coverage, With the excepuon or ral

(ompany) who are not yet eligible for coverage under the company plan

kecord the an

Inc lo De withheld for health ins

Each worker is to be paid by check. Assign check numbers commencing wyh No. 313.

Foot all monev columns of the payroll register, and prove the accuracy of the column totals.

COn a separate

sheet of paper:

Prepare the journal entries as of January 12 to record the payroll and the payroll taxes for the week ending January 8. Credit

Salaries Payable for the total net pay

tax rates and bases: employer's FICA-OASDI, 6.2% on the first $137.700; employer's FICA--HI, 1.45%

on total earninos- FuTA0 4% on the frst$700o- and wiTa 3 6800% on the first 10 000

on the Contin

uing Pavroll Problem B is now completed

instructor. The experience you have gained in working on each of the succeeding phases of the Continuing Payroll Problem will aid you in

undertaking the payroll work involved in Chapter 7. In the omprehens1ve Payroll Project, you